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Texas Pacific Land reports Q4 EPS $12.94 vs. $10.21 last year
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Texas Pacific Land reports Q4 EPS $12.94 vs. $10.21 last year

Reports Q4 revenue $152.7M vs. $147.18M last year. The company said, "For the full year 2022, TPL achieved record results across both of our operating segments, record consolidated adjusted EBITDA, and record earnings per share. The strong performance reflects the high quality of our underlying assets, the benefits of our active management approach, and the advantages of a vertically integrated business model. We also continue to make progress towards extracting value beyond our legacy revenue streams with opportunities such as carbon capture, grid batteries, renewables, and beneficial water reuse. Looking forward to 2023, although recent commodity prices have experienced some volatility, development activity in the Permian will remain robust. TPL is well positioned to capture value and generate free cash flow, and we look forward to sustaining our positive momentum into the new year."

Published first on TheFly

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